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luxury-goods

Gucci's owner is having a terrible year. The company's profit and stock have slumped as Asia sales dry up.

Wed, 04/24/2024 - 05:01

Gucci store in China — Gucci's revenue declined significantly in the first quarter.
CFOTO/Future Publishing via Getty Images

Retail, gucci, Kering, chinese-luxury, luxury-goods

Bernard Arnault, the world's 3rd-richest person, is set to appoint 2 more of his children to the LVMH board

Tue, 01/23/2024 - 06:31

Actor Kris Wu, CEO of Rimowa, Alexandre Arnault, Frederic Arnault and Owner of LVMH Luxury Group Bernard Arnault attend the Louis Vuitton Menswear Fall/Winter 2020-2021 show as part of Paris Fashion Week on January 16, 2020 in Paris, France. — Alexandre, Frédéric, and Bernard Arnault in January 2020.
Bertrand Rindoff Petroff/Getty Images

Retail, bernard-arnault, LVMH, alexandre-arnault, antoine-arnault, luxury-goods, luxury-fashion

AI can now tell if your Louis Vuitton handbag is fake

Mon, 12/25/2023 - 14:01

a woman carries a Louis Vuitton bag — Entrupy, a tech company, claims it can use AI to detect whether a luxury item is fake with near perfect accuracy.
Edward Berthelot/Getty Images

Tech, AI, artificial-intelligence, Retail, Luxury, luxury-goods, Fashion

Wartime sanctions on Russia have sparked new smuggling opportunities for hot-ticket items like luxury Italian handbags and microchips

Wed, 12/20/2023 - 08:21

Russian law enforcement officers stand in front of a closed Burberry store in Moscow — Russian police and National Guard servicemen patrol the Red Square next to Burberry shop in Moscow on March 10, 2022.
Photo by ALEXANDER NEMENOV/AFP via Getty Images

Military & Defense, Russia, Ukraine, Smuggling, luxury-goods, insider-news

A Hollywood director took millions of dollars in Netflix funding and used it to trade options and crypto, report says. Here's a closer look at how he used the cash.

Thu, 11/23/2023 - 10:02

Tech Insider : Crypto

GettyImages 1232802181 — An illustration of dogecoin.
Barcroft Media/Getty

Markets, mi-exclusive, Markets, Stocks, crypto, netflix, options-trading

Charlie Munger says he dislikes fashion stocks like Nike - but he'd buy Hermès stock if it was cheap enough

Wed, 11/01/2023 - 06:55

Warren Buffet Charlie Munger Berkshire Hathaway — Charlie Munger (right) and Warren Buffett (left).
Johannes Eisele/Getty Images

Markets, mi-exclusive, Markets, Stocks, herms, luxury-goods, luxury-retail

In a world of infinite AI, the new luxury item will be humans

Wed, 10/25/2023 - 05:00

Residents enjoy a carnival parade on February 6, 2005 in Viareggio, Italy. — Residents enjoy a carnival parade on February 6, 2005 in Viareggio, Italy.
Marco Di Lauro/Getty Images

Tech Insider, artificial-intelligence, generative-ai, large-language-models, Luxury, luxury-goods, amazon

'Wolf in cashmere' Bernard Arnault loses his slot as the world's 2nd-richest man to Jeff Bezos as LVMH stock slips

Tue, 10/17/2023 - 05:03

Bernard Arnault — LVMH founder Bernard Arnault.
Tefano Rellandini/Getty Images

Markets, mi-exclusive, Markets, Stocks, bernard-arnault, LVMH, amazon

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